Management Accountant - BFSI

Job Locations

Shift Timings : UK Shift

Working Days : 5 days Mon - Fri

Experience : 4 Years

F&A

Key Responsibility Area:

PREPARATION OF MANAGEMENT ACCOUNTS BY ACCOMPLISHING THE FOLLOWING TASKS :-

- Prepayments :

a) Amortize the prepaid based on period of service for the expenses - for both New & Existing invoices by recording the Journal entries.

b) Update the prepayment schedule in MACs with new entries recorded for the month and amortize accordingly.

- Accruals :

a) Reversal of Old accruals, after they are closed, rejected or invoice received.

b) Provision of New Accruals based on PO's pending invoice booking in the current month.

c) Update the Accruals schedule

- Processing Month End Transaction entries

a) Landlord Payment entries and Inter site & Inter Company Recharge between group entities

b) Rental revenue entries

c) Payroll entries and accruals

d) Other Journal entries :

- Nominal Ledger Scrutiny to ensure the following :-

a) Nominal Ledger Scrutiny of all the Nominal Account codes to ensure that the transactions are accurately recorded in that month.

b) To review, there are no duplication of expenses recorded in that month.

c) The Prepayments are properly released in that month.

d) The accrual entries are properly recorded and reversed in the subsequent months.

e) There is no omission of any particular expense in that month.

- Roll forward of Management Accounts Template

- Run the Trial Balances - Monthly, Year to Date & upto previous year end

- Run the Nominal Activity report (for site review in CSV format)

B. Telephonic Review Of Management Accounts With Client'S Staff

C. In Depth Variance Analysis (Commentary Updates By A Mac Preparer Based On The Variance Analysis Criteria)

D. Preparation Of Finance Packs For Clients Which Involves Preparation Of Funding Statement, Cashflow Projections & Commentary On The Variances On P&L Statement

E. Assisting In Budget Preparation

F. Preparation & Update Of Forecast On Quarterly Basis

G. Preparation of Balance Sheet of clients on monthly basis & to ensure they are no reconciling items standing on the B/s. All the odd issues/balances to be resolved

H. Working on preparing the files for Audit queries from the Auditors of the Clients I Settling the Inter company Balance by preparing the Fund Transfer Statement

J. Single point of contact for the Accommodation Managers , Operation Managers , Finance Managers & 3rd party clients

K. Working out the Revenue of the sites by referring the Agreements already in place

Desired Skills (ASK):

Attitude :

- Professional Attitude

- Self-Motivated Skills

- Good communications skills (verbal & written)

- Logical Thinking

- Time Management

- Team Player

Knowledge :

- Excellent Accounting knowledge

- Minimum experience of 4-5 years post qualification